World Population Day 2024 – 11th July
The United Nations Development Programme (UNDP), in 1989, established July 11, to be celebrated as World Population Day. The main... View Article
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Scheme for Adolescent Girls (SAG)
The Scheme for Adolescent Girls (SAG) is a Centrally Sponsored Scheme of the government which targets adolescent girls in the... View Article
13 July 2021: The Hindu Analysis
UPSC Current Affairs Preparation: The Hindu Analysis Watch expert analysis of ‘The Hindu’ dated 13th Jul 2021. Important news and... View Article
AIR Spotlight – Cabinet Decisions: Expanding Health Infrastructure and Focus on Farmers’ Welfare
AIR Spotlight is an insightful programme featured daily on the All India Radio Newsonair. In this program, many eminent panelists... View Article
The Correct Form of Accounting Equation Is
(a) Assets – Receivable = Equity (b) Assets + Receivable = Equity (c) Assets – Liabilities = Equity (d) Assets... View Article
What Is GAAP in Accounting?
GAAP stands for Generally accepted accounting principles. It refers to the set of accounting principles and standards and the most... View Article
Can Intangible Assets Increase in Value?
Intangible assets can increase in value based on favourable market conditions. For example: Goodwill of a business can increase if... View Article
How Do Intangible Assets Affect Financial Statements?
Since intangible assets are long term assets they must be recorded in the financial statement every time, but this is... View Article
How Many Years Amortize Intangible Assets?
Intangible assets should be amortized based on its useful life. As per AS 26, the life of an intangible asset... View Article
How Do You Account for Intangible Amortization?
Intangible assets are recorded on the value of their acquisition cost. For recording annual amortisation expense for an intangible asset,... View Article
What Does Break Even Mean in Business?
Break even means that point where a business is neither making profit nor loss. In other words, it can be... View Article
How Do You Identify Intangible Assets?
Intangible assets are those assets that do not have any physical appearance or existence. This is the most important characteristic... View Article
Why Are Intangible Assets Important?
Intangible assets act as a source of competitive advantage for the business, it is also important for creating stakeholder value... View Article
Are Intangible Assets Reported on the Balance Sheet?
Intangible assets are only listed in a company’s balance sheet when they are acquired assets and such assets that have... View Article
What Is the Most Common Intangible Asset?
The most common intangible asset is goodwill. Also read: Intangible Assets Tangible Assets Difference Between Assets and Liabilities Methods of... View Article
How Are Intangible Assets Valued?
Intangible assets are valued using a method called calculated intangible value or CIV, which is determined by subtracting the firm’s... View Article
What Intangible Assets Can Be Amortized?
Intangible assets that can be amortized are trademarks and patents. They are amortized into an expense account. Also read: Intangible... View Article
What Are Examples of Tangible Assets?
Examples of tangible assets include the following: Cash Machinery Vehicles Furniture Investments Also read: Intangible Assets Tangible Assets Difference Between... View Article
What Are Examples of Intangible Assets?
Intangible assets are assets that are not physical in nature. Such assets cannot be touched or felt. The examples of... View Article
What Is the Most Common Type of Partnership?
The most common form of partnership is the general partnership. Also read: MCQs on Partnership Partnership Deed What Is Partnership... View Article
